News archive

News archive - February-2012

Agribusiness’ Confidence Recovering Steadily

Agribusinesses kicked the first quarter of 2012 off on a positive note

continues. The duration of 2011 was defined by its positive, yet low confidence; mostly due to the inhibiting

impact of the increase in the cost of doing business, which constrained the good expectations for the higher

commodity and farm gate prices.

01.03.2012 / Media Releases

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ABC Comments on the National Budget 2012

The Agricultural Business Chamber (ABC) considers the National Budget 2012, as presented by the Minister of

Finance, Mr Pravin Gordhan on 22 February 2012, to be fair and responsible. Given the background of a

deteriorating global economy, there is very little room for error in the local fiscal policy environment and therefore

the rational approach in the budget is applauded. The budget fits rather effectively within the space available to

manoeuvre in. Considering the current account balance, the budget balance and government debt, South Africa is

in a cautious position, yet a much more favourable position than many other developing countries.

23.02.2012 / Media Releases

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Sondetaks gaan hard slaan

Die styging in sogenaamde sondebelasting, veral die 10% styging op bier, kan die landboubedryf hard slaan, meen kenners.

Tydens Absa Agribesigheid se begrotingsbespreking het mnr. Ernst Janovsky, hoofbestuurder, opgemerk: “Van julle se antwoord is dat dit nie saak maak hoeveel dié belasting is nie, julle sal net minder vleis koop. Maar dit is ook sleg vir die landbou.”

23.02.2012 / Agbiz in the news

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Landbou dankbaar oor hawetariewe

“Dis ’n baie aangename verrassing om te sien dat hulle dié keer waarlik na ons geluister het,” sê mnr. Anton Rabe, uitvoerende direkteur van Hortgro Dienste.

Hy sê die aankondiging dat hawetariewe vir die 2012/’13-boekjaar met 2,76%, en nie die beoogde 18% verhoog is nie, is “uitstekende nuus”.

Rabe sê die koste om langs hawens uit te voer, is reeds baie hoog, en hopelik sal dié besluit Transnet laat besef dat hy “nie kan maak en doen soos hy wil nie”.

15.02.2012 / Agbiz in the news

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A challenging year ahead for agribusinesses

A fragile international economy, slow economic growth rate, the high cost of doing business in South Africa and political uncertainties will be some of the factors influencing the trading environment for agribusinesses in the coming year.

This was according to the Agricultural Business Chamber’s economic intelligence manager, Lindie Stroebel, who recently published a report on the outlook and expectations for local agribusinesses for 2012.

10.02.2012 / Agbiz in the news

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Port tariff hikes will hurt exports, job growth

Transnet is forging ahead with its decision to implement an 18,06% port tariff increase for the 2012/13 financial year. It has defended the proposed stiff hike, saying it’s necessary to tackle an infrastructure backlog in rail, ports and pipelines.

The increase will, however, have serious repercussions for farmers and comes on the back of soaring electricity and fuel prices. SA’s ports, and especially the container terminals, are already among the most expensive in the world despite their poor productivity record.

03.02.2012 / Agbiz in the news

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